š SOL/USDT Analysis (Time Frame 1D - Binance)
š Current Price: 164.96 USDT
š 24 Hour High: 170.35
š 24 Hour Low: 159.20
š 24 Hour Volume: 3.03M SOL
š Change Today: -1.75%
š Daily Technical Analysis
ā After reaching a high of 206.30, SOL has experienced a gradual decline.
ā The current price has broken down from MA(10) and MA(5) ā signaling medium-term weakening.
ā Trading volume is decreasing ā possibility of base formation or consolidation.
š½ Daily Support Area:
157 USDT ā minor support, has started to be tested
139 USDT ā next strong support
126 USDT ā important historical support
š¼ Daily Resistance Area:
175 USDT ā short-term psychological resistance
192 USDT ā extended resistance
206 USDT ā previous peak, key bullish level
š§ Potential Direction:
š» Bearish Corrective
As long as it does not successfully reclaim above 175, the medium-term direction remains down
If it breaks down 157, the potential to drop to 139 is very open
š Reversal (Up) only if:
SOL can close daily above 175 USDT with high volume
šÆ Daily Strategy:
š» Short: Entry below 157 with a target to 139ā126
š¼ Long: Entry only if there is a valid breakout above 175 and the daily candle closes bullish
š£ The Altcoin market tends to weaken at the moment. Be cautious of further declines and always ensure to use risk management.
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